SGX achieves record 1.58 million in derivatives daily volume in October

The derivates DAV in October was 48% higher YoY.

The Singapore Exchange (SGX Group) saw its derivatives daily average volume (DAV) rise to an all-time high of 1.58 million in October.

The derivates DAV in October was 48% higher YoY.

The total traded volume also increased, climbing 52% YoY to 31.3 million contracts.

SGX credited its gains to a boost in trading activity across multiple asset classes throughout China's Golden Week holiday.

The bourse's China A50 index futures activity benefited significantly from the holiday, with SGX FTSE China A50 Index futures reaching an all-time high volume of 14.9 million contracts in October and a DAV of 827,997 contracts.

China also had a role in the commodity trading activity in October, said SGX.

Increased demand to hedge against China risk led SGX SICOM rubber derivatives to rise 64% YoY, totalling 423,666 contracts.

Meanwhile, the total FX futures traded volume gained 53% YoY in October, following an increase in U.S. Treasury bond yields.

SGX USD/CNH FX Futures led the increase, with volume up 50% YoY at 3.11 million contracts. SGX INR/USD FX Futures volume also increase, rising 48% YoY to 1.6 million contracts.

In the securities market, turnover value rose 36% YoY to $26.9 billion, and securities DAV increased 36% YoY to $1.22 billion.